FGI Industries (NASDAQ:FGI) Issues Quarterly Earnings Results

FGI Industries (NASDAQ:FGI) issued its quarterly earnings results on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), Zacks reports. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%.

FGI Industries Stock Down 5.6 %

FGI traded down $0.05 during trading on Wednesday, hitting $0.84. The company’s stock had a trading volume of 11,238 shares, compared to its average volume of 20,883. The firm has a market capitalization of $8.03 million, a P/E ratio of -28.00 and a beta of 1.23. FGI Industries has a twelve month low of $0.70 and a twelve month high of $1.59. The stock’s fifty day moving average price is $0.85 and its 200-day moving average price is $0.84.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.